Bradesco chief economist: Brazil real becoming commodities play

Brazil’s currency is increasingly behaving like a “commodity currency” that closely tracks commodities prices, the chief economist of Brazil’s Banco Bradesco said Tuesday.
“The currency in Brazil is starting to behave like an exchange rate in countries we call ‘commodities currencies,’ that’s to say, which have an exchange rate that’s linked to the changes in the prices of the commodities which those countries export, as is the case with Canada, Chile, for example,” Octavio de Barros told a conference in Sao Paulo……………………………………….Full Article: Source